OK
The Universal Selection Source:
Coatings Ingredients
Industry News

AkzoNobel formally acquires Dow powder business

Published on 2010-06-02. Author : SpecialChem

AkzoNobel has completed its acquisition of the Dow Chemical Company's powder coatings activities. The deal was first announced in November last year.

Originally purchased by the Dow Chemical Company in 2009 as part of its acquisition of Rohm and Haas Company, the business brings key technological know-how and significant synergy potential to AkzoNobel's own Powder Coatings activities. It will also enhance the company's position in the US.

"We are delighted to be able to begin the integration of Dow Powder Coatings into AkzoNobel," said Rob Molenaar, Managing Director of AkzoNobel Powder Coatings. "We are looking forward to working with our new colleagues and exploring the exciting opportunities this integration offers while ultimately delivering world class products and service to our customers."

The acquired business achieves global sales of several hundred million dollars and employs around 700 people, operating factories in the US, Europe and China.

As well as complementing AkzoNobel's position in key strategic markets - especially the US, automotive and trade coaters - the deal also introduces MDF and thermoplastic capabilities to AkzoNobel's existing expertise.

Powder coatings technology has an impressive sustainability profile. For example, powder coatings contain no solvents and can have application efficiency levels as high as 99 percent.

About AkzoNobel:

AkzoNobel is proud to be one of the world's leading industrial companies. Based in Amsterdam, the Netherlands, we make and supply a wide range of paints, coatings and specialty chemicals - 2009 revenue totaled €13.9 billion. In fact, we are the largest global paints and coatings company. As a major producer of specialty chemicals we supply industries worldwide with quality ingredients for life's essentials. We think about the future, but act in the present. We're passionate about introducing new ideas and developing sustainable answers for our customers. That's why our 57,000 employees - who are based in more than 80 countries - are committed to excellence and delivering Tomorrow's Answers Today™.

Source: AkzoNobel


Halcyon Group 3rd R&D Innovation Summit
Back to Top